Bold Eagle Acquisition Corp. Closes Over-Allotment Option and Additional Private Placement

On December 9, 2024, Bold Eagle Acquisition Corp. (NASDAQ: BEAGU) concluded the issuance and sale of 800,000 additional units, referred to as the “Over-Allotment Option Units,” in connection with the partial exercise of the Underwriters’ Over-Allotment Option. These units were priced at $10.00 per Unit, resulting in gross proceeds of $8,000,000 to the company. Simultaneously, the company finalized the private sale of an extra 8,000 Private Placement Shares to Eagle Equity Partners IV, LLC, the sponsor, at $10.00 per share, generating gross proceeds of $80,000.

Concurrent with the sale of the Over-Allotment Option Units, the company reported that the sponsor forfeited 2,027,500 Class B ordinary shares. This action led to the sponsor retaining a total of 5,160,000 founder shares. Additionally, a net amount of $8,000,000 from the proceeds obtained from the sale of the Over-Allotment Option Units and the additional Private Placement Shares was deposited into a U.S.-based trust account at J.P. Morgan Chase Bank, N.A., managed by Continental Stock Transfer & Trust Company. This deposit augmented the trust account proceedings to a cumulative sum of $258,000,000.

Furthermore, an unaudited pro forma balance sheet as of December 9, 2024, was included in the filing to reflect the reception of the proceeds from the sale of the Over-Allotment Option Units and the supplementary Private Placement Shares. This balance sheet revealed various adjustments in assets and liabilities, notably showcasing the impact of the sales, the trust account deposits, and changes to the shareholders’ deficit.

The move by Bold Eagle Acquisition Corp. aligns with the company’s strategic initiatives following the recent IPO and underscores its commitment to enhancing shareholder value and capital management. The detailed breakdown of the financial adjustments and the additional sales provide deeper insight into the company’s financial standing and operational decisions.

It’s important to note that all the financial figures and adjustments mentioned in the filing are unaudited. For a more comprehensive understanding of the company’s financial landscape and the implications of these recent transactions, investors and stakeholders are encouraged to refer to the complete 8-K SEC Filing provided by Bold Eagle Acquisition Corp.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Bold Eagle Acquisition’s 8K filing here.